![]() ![]() If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice. Make sure you have the information for the right year before making decisions based on that information. ![]() Some of the information on this website applies to a specific financial year. If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take. We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations. The indexation factor for the 2021–22 financial year for: In general, the LCT value of a car includes the value of any parts, accessories or attachments you supplied, or imported, at the same time as the car. If you buy a car with a GST-inclusive value above these LCT thresholds, you must pay LCT except in certain circumstances. The following table lists the LCT thresholds for the relevant financial year – the financial year the car was imported, acquired or sold. Luxury car tax rate and thresholds Luxury car tax rateĬars with a luxury car tax (LCT) value over the LCT threshold attract an LCT rate of 33%.įor LCT rates before 3 October 2008, refer to Luxury car tax rate – previous years.
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